By Steve Rosen My position on President Joe Biden’s plan to wipe the slate clean for borrowers on billions of dollars in federal student loan debt: I don’t like it. I understand why there are many arguments in support of the White House plan. But, like many readers, I feel it’s a slap in the…
Kids and Money: Scammers Gear up for Student Loan Cancellations
By Steve Rosen Like it or not, millions of federal student loan borrowers now have a life-changing opportunity to escape the burden of heavy debt, thanks to President Joe Biden’s debt cancelation plan. But for scammers, crooks, and other near-do-wells, the debt relief plan presents opportunities of a different kind. The same with the federal student…
Impact of Higher Rates on Couples With Merged Finances
September 10, 2022
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By Erica Sandberg From Bankrate.com Financial matters can be complicated to manage when you’re a couple. If you don’t come together to make decisions about how to handle your combined affairs, conflict can arise. With inflation and interest rates increasing, it’s even more important to make swift and positive choices. And if you’re like many consumers…
Do’s and Don’ts of Saving During a Recession
By Liz Hund From Bankrate Strategies to build your savings during a recession may involve adjusting your savings goals and cutting expenses, while paying down loans and avoiding additional debt. Getting into the habit of saving money takes discipline and can be challenging even during non-recessionary times. To help you navigate saving during a period of economic…
Still No Answer to the Question: Who Pays for Loan Forgiveness?
September 1, 2022
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It has been more than a week, and there is still no coherent answer out of the Biden administration to the question of who will pay for student loan forgiveness, which may cost Americans anywhere between $300–500 billion by the time it’s all done. For background, the White House announced, on Aug. 24, 2022, that…
Why One Teacher Changed Careers and Gave up Loan Forgiveness
August 28, 2022
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During my first class of the day, I asked a question to my students, or rather to their avatars on the screen of our online classroom. I waited for an answer but received silence. As none of my students turned on their cameras, I couldn’t know why I didn’t get a response, but some were…
15 of the Most Common Money Wasters
Despite most people’s efforts to avoid debt and exceed their budget, it can be easy to overspend. Many common money wasters, however, lurk in the shadows, waiting to steal your money. So, let’s bring these money wasters into the light so that you banish them for good. Don’t be discouraged if you check every box on…
Millennial: How to Prepare Your Finances for a Breakup
Breaking up sucks—even if it’s necessary and you’re better off without them. Emotions loom large and life changes. Your to-do list fills up with loaded logistics, like figuring out who gets the cat or how the heck you’ll afford to live alone. We don’t know what to tell you about the cat, but we can…
Canceling Student Debt Is Wrong on Every Level
August 24, 2022
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One of the first things a toddler learns to say is “That’s not fair!” It turns out that the idea of fairness, a concept related to justice, is intuitive from an early age. Even 3-year-olds understand that merit is fundamental to fairness. Merit is the idea that “rewards should be distributed according to how much…
The Savings Game: How to Lower Your Prescription Drug Costs
By Elliot Raphaelson From Tribune Content Agency If you use Part D of Medicare to help cover your prescription costs, Medicare has recommended five ways to lower your costs. I’ll summarize them below and add a further recommendation. Consider Switching to a Generic Prescription If you are using a name-brand prescription that is expensive—the costs…
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